Essay on Business Environment - Tesco

Added on - 04 Jun 2020

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Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Type of business, purpose and ownership of two businesses................................................1P2 Different stakeholders who influence the purpose................................................................2P3 Describe how two businesses are organized..........................................................................3P4 Style of organization helps them to ful-fill their purposes....................................................3TASK 2............................................................................................................................................4P5 Influence of two contrasting economic environments on business activities.......................4P6 Political, legal and social factors are impacting upon the business activities.......................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
INTRODUCTIONBusiness environment means all of the internal and external factors that affect how thecompany functions including employees, customers, management, supply and demand andbusiness regulations (Welford, 2013). In this report mentions about thetype of business, purposeand ownership. There are different type of stakeholders who can impact on purposes of business.Business environment mainly consists two main factors and that are internals and externalfactors. In this present report mentions about the influence of two contrasting economicenvironments on business activitiesand in what manner political, legal and social factors areimpacting upon the business activitiesTASK 1P1 Type of business, purpose and ownership of two businessesThe two businesses have selected are Tesco and Tesco. Tesco is an international reatilcompany and is part of the tertiary sector (Aterido, Hallward-Driemeier and Pagés, 2010). Aninternational business is a business that operates and sells products/services around the world. Itis a public limited company, public part of it means that shares can be brought by the public andthe limited company part means that it has limited liability. This business firm deals in manyproducts such as clothing, electronics, internet service provider etc. Having limited liability hasmany advantages as it protects a shareholder from being responsible for more than their share ofthe company so they wouldn’t be accountable for the liabilities resulting from the bankruptcy.Being part of the tertiary sector means that Tesco provides services in the form of sellinggroceries, clothing and home products. The purpose of Tesco is to supply products , it also offersservices but that isn’t their primary way of doing business. This firm is driven by profit meaningthat they make sure that their sales cover all of their running costs and more (in order for them tomake a profit). Running costs include anything that the organization needs to spend money on inorder for the company to operate. When Tesco was founded the main goal was to only sellBritish made goods that were of a high quality, this started to change in the 1990s but theycontinue to aim to offer high quality food at a fair price.National Health Service (NHS) The NHS is a national not-for-profit organization and ispart of the tertiary sector. The NHS is a public company meaning that it is owned by thegovernment, it was set up in 1948 by the labor government. The NHS is a non profit business1
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